Solar for Desalination
Investment soughtFor two projects, a combined USD $1,300,000 of development financing in the form of a bridge loan and approximately USD $20,800,000 of permanent financing (combination of debt and equity), on a project financing basis.
Investment typeDebt and equity
The opportunity
The provider(s) of the investment financing would make an investment to provide for the development and project financing for two solar power and energy storage projects developed by Blue Energy Alliance (“BEA”), to provide the energy requirements for desalination plants in two island nations located in the Caribbean, the Bahamas, and the British Virgin Islands.
Opportunity
BEA and Veolia Water have identified additional islands where Veolia Water has currently operating desalination plants and where there is an opportunity to develop and finance similar projects representing potential capex of over USD $200 million.